Global: -12% grain prices with green light for ships
Wheat
Maize (Corn)
Published May 27, 2022
Original content
World grain prices have fallen by 12% in the last week under the pressure of the green light for the passage of foreign cargo ships announced by Russia in Mariupol, but also due to the new opportunities offered by rail transport. This is what emerges from Coldiretti's analysis, Coldiretti affirms at the opening of the Chicago future commodity exchange which represents the world reference point for the trade of agricultural raw materials where wheat has approached 11 dollars per bushel (27.2 kilos). but the prices of corn for animal feed are also down on values of over a month ago. The departure of the ships - underlines Coldiretti - means the emptying of the warehouses where it is estimated the presence of over 20 million tons of cereals including wheat, barley and corn destined for exports both in rich and poorer countries where the blockade risks cause riots and famines. Countries such as Egypt, Turkey, Bangladesh and Iran which buy more than 60% of their wheat from Russia and ...
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